FreeCast (Direct Listing) (NASDAQ:CAST) Issues Quarterly Earnings Results

FreeCast (Direct Listing) (NASDAQ:CAST) released its quarterly earnings data on Monday. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.29), FiscalAI reports. The firm had revenue of $0.36 million for the quarter.

FreeCast (Direct Listing) Stock Performance

FreeCast (Direct Listing) stock opened at $1.17 on Wednesday. The stock has a 50-day moving average of $1.41 and a two-hundred day moving average of $2.57. The stock has a market cap of $48.37 million and a PE ratio of -6.50. FreeCast has a one year low of $0.50 and a one year high of $33.00.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CAST shares. Wall Street Zen upgraded FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Zacks Research raised shares of FreeCast (Direct Listing) to a “hold” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings upgraded FreeCast (Direct Listing) from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.00.

About FreeCast (Direct Listing)

FreeCast, Inc is a media and entertainment technology company that develops streaming aggregation services. Its platform is designed to bring together free, ad-supported streaming television, on-demand programming, live channels and subscription-based content in a unified viewing experience, helping consumers discover and access content from multiple sources.

The company offers consumer-facing streaming products and related technology intended to simplify television viewing across connected TVs, mobile devices and other internet-enabled platforms.